Castle Lanterra Properties Selected as Finalist for Real Estate Finance & Investment’s 2016 Financing Awards
Watergate Pointe, MD Nominated for Acquisition of the Year
Castle Lanterra Properties (CLP), a privately-held New York-based real estate firm, has been selected as a shortlist finalist for the Real Estate Finance & Investment’s (REFI) 2016 Financing Awards “Acquisition of the Year” category.
This year’s winners will be honored at REFI’s annual awards luncheon on Tuesday, February 23 at 583 Park Avenue in Manhattan. The event will kick off at 12:00 PMwith a cocktail networking reception, followed by a luncheon and the awards presentation.
The finalists represent the top acquisitions valued at over $1 million in 2015. Criteria is based on the significance of specific deals, lending volume and creativity of financing structures, particularly in situations where the transaction is notable for one sector or market.
Caste Lanterra acquired Watergate Pointe (formerly Watergate Village) in February, 2015. The property sits on an expansive park-like 31-acre property that features panoramic water views, a 163-slip marina, and is located within walking distance of historic downtown Annapolis. It is the only property in its submarket with 3,000 linear feet of water frontage.
“The REFI awards are one of the highest honors within the commercial real estate industry,” said Castle Lanterra Properties founder and CEO Elie Rieder. “I am so pleased to have been chosen as a finalist for this distinction. This nomination reflects the tireless dedication and ability of the Castle Lanterra team to facilitate even the most complex transactions and bring them to fruition.”
About Castle Lanterra Properties
Castle Lanterra Properties specializes in identifying investment opportunities in multi-family properties. Founded by Elie Rieder, the firm acquires, improves, repositions and manages a portfolio of properties across the Northeast, Mid-Atlantic and Southern U.S., with a proven track record of creating above-market returns for investors. Since its inception in 2009, Castle Lanterra Properties has acquired $850million of assets comprised of over 3,000 residential units.